As a holder of JMS I looked closely at the quarterly costs released today and its interesting to note how much the cost of freight is, its blown out so much that the profit is less than 1/3 of what it was at the same time last year even though the FOB production costs ie. (US$2.26/dmtu) are less (-10%) and the price received CIF is much the same as last year (US$4.62/dmtu). Therefore the shipping costs are extreme.
I can tell you it isn't a good look. Don't say you weren't warned.
E25 Price at posting:
$1.94 Sentiment: None Disclosure: Not Held
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